The Managing Director and CEO of the South East Development Commission (SEDC), Mr. Mark Okoye, has reaffirmed the commission’s commitment to driving economic growth and infrastructure development in the South East region. In his inaugural address, Okoye thanked President Bola Tinubu for the opportunity to serve and praised the 10th National Assembly for passing the South East Development Commission Bill. He also acknowledged the Senate Committee on Regional Commissions for confirming the board.

Okoye outlined the commission’s focus on rebuilding infrastructure damaged during the Nigerian Civil War and addressing regional developmental challenges. He highlighted the need for significant investment, citing World Bank estimates that Nigeria needs $100–$150bn annually for infrastructure, with $10bn required for the South East alone.

Despite challenges like erosion, high unemployment, and a difficult investment climate, Okoye set a goal to grow the South East economy to $200bn by 2035, aligning with President Tinubu’s vision of a $1tn national GDP. He pledged collaboration with state governments, the private sector, and development partners for inclusive growth.

The SEDC will focus on areas such as security, investment climate, technology, innovation, agriculture, and industrialization, while prioritizing action and measurable impact over rhetoric. Okoye also announced the launch of several initiatives, including an interactive website for public engagement. He called on stakeholders to join efforts in transforming the South East into an economic powerhouse.